$BCH LIQUIDATION ALERT 🚨
A hefty $102K long position was liquidated at $536.11!
This sudden shakeout is a signal of possible market weakness, and we could see more volatility in the short term.
What's Next for $BCH ?
With this liquidation, BCH could face a downward pressure.
The next key support zone is around $529. If this level holds, we may see a reversal or consolidation.
However, if the price breaks below $540, further downside toward $520 could be possible.
Action Plan:
If you’re considering an entry, it might be better to wait for a retest of support at $545 or a confirmation of bullish action around $560.
Watch for any signs of strength before entering any new positions.
Stay sharp, and manage your risk!
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